On March 22, 2022, we began investigating a crypto scam on a Facebook page that was impersonating Crypto.com, a cryptocurrency exchange company, and asking for donations for Ukraine. The Facebook page was called Crypto.com/Nft. However, the company named Crypto.com has nothing to do with it.
We notified Meta via email and a company spokesperson told us the page was going down soon. Meta is the parent company of Facebook.
The person or persons running the page purchased paid advertising on Facebook in order to launch the scam. The ad was approved and was posted for at least three days.
The page was created on March 18 and the ad began running the next day. We found that the same ad was still active as of March 22.
As of March 22, the page had racked up 228 likes and 5,368 followers. The post created for the Facebook ad had also been liked nearly 1,000 times.
The Crypto.com/Nft Facebook page announcement asked for donations for Ukraine and provided a specific wallet address. It appeared like this:
It read as follows:
Crypto.com wants to support Ukraine with 100,000 USDT with its community!
Join us! Every amount you donate in Ethereum is topped up to 100,000 USDT. Donate ETH only to
We will exchange it for USDT when transferring funds to Ukraine.
Again, it’s a scam. The page was created four days before this report was filed. Also, it claimed to be affiliated with Crypto.com, even though it was not. Both were red flags.
The requested amount of “100,000 USDT” in the advertisement is equivalent to approximately 100,000 USD. According to Blockchain.com, as of March 22, 0x9adBb30BDb95eD70A6C795e6078a118E6e7e1854, the wallet address mentioned in the announcement, had received approximately $32,279.94 in funds since April 2021. It is unknown how many of these funds have been contributed based other unrelated scams. with Russia’s invasion of Ukraine, which began in late February.
In previous reports, we exposed four other crypto scams, all hosted by Facebook or Instagram. We’ve also seen a handful of others pop up as paid ads.
We alerted Crypto.com to the fraudulent Facebook page. This story will be updated if we receive a response from the company.
To donate to legitimate organizations to help Ukrainians, we recommend checking out our previous article which documented four good causes that accept funds.
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